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Hashribbon

BTC: HASH RIBBON GIVES BUY SIGNAL!!Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! WHAT IS HASH RIBBON? The Hash Ribbon is a technical analysis tool used in Bitcoin trading. It's based on the idea that Bitcoin's price often bottoms out when miners capitulate, meaning they can no longer profitably mine Bitcoin due to increased difficulty and decreased price. How Does it Work? Hash Rate: This measures the total computing power used by miners on the Bitcoin network. Moving Averages: The Hash Ribbon uses two simple moving averages (SMAs) of the hash rate: a 30-day SMA and a 60-day SMA. Signal Generation: When the 30-day SMA crosses below the 60-day SMA, it suggests miners are struggling. This is often interpreted as a potential bottom for Bitcoin's price. Conversely, when the 30-day SMA crosses above the 60-day SMA, it could indicate the end of miner capitulation and a potential start of a bullish trend. Hash RIbbon is one of the most reliable indicators out there of Bitcoin and it's available free on @TradingView. Works best whenever it gives a 'BUY' signal. Never disappoint. Check Yourself. Now it again gives a BUY signal so there is a high chance that we will see a new bullish rally from here. What are your thoughts on BTC's current price action and on Hash Ribbon? Share your analysis in the comments below!
COINBASE:BTCUSDLong
by CoreCrypto1
BTCUSD: Time for a correctionOutlook for the remainder of the year. The ETF inflows have generally remained positive at new ATH levels, while volume remains low and price remains flat. This suggests considerable distribution from OTC sellers, namely longer-term holders, per HODL waves analysis. It's been 3 months since breaking ATH in March, with price unable to move higher. The consolidation at higher levels remains bullish until $60K is broken to the downside (foodgates moment), which would confirm the current range ($60K-70K) as longer-term distribution, rather than accumulation. First stop will likely be a re-test of the 50 Week MA around $50K after the floodgates for selling opens below $60K. With relatively low accumulation volume, I'm not expecting it to hold as support, but instead return to the 200 Week MA around $40K, likely after a re-test of previous support in order to confirm it as new resistance (around $60K). The 20 Week MA is currently around $63K, so below this level, there will already likely be an increase in selling pressure. The Weekly RSI is otherwise facing rejection from overbought levels >70, similar to late 2021 (minus the strong bearish divergence back then). The culmination of breaking the 20 WMA and confirming RSI rejection by returning to $60K, would be the catalyst for the break of support. As also noted (N.B.) the Mid Pi Cycle Top occurred in march, around $68K-$70K, with price unable to maintain the momentum above this rising MA multiplier, unlike in December 2020 at $21K.(1) The post-halving "Miner Capitulation" has also been signalled by Hash Ribbons indicator, not so dissimilar to summer 2020 that encouraged consolidation and a miner correction.(2) I'm not particularly expecting Path B to play out, unless there is a catalyst for a more full-blown capitulation, leading to a 65% haircut in price. Examples include ETF holders getting cold feet leading to panic as price goes below opening ETF prices , or otherwise some negative regulatory news. A -45% move down to $40K should otherwise be more then sufficient to build up momentum for a 2025 bull market reaching $100K+. Should price reach GETTEX:25K to $30K levels (path B), there could be a "delay" within the usual cycle, with higher parabolic prices nearer to $200K. After the 3x from 2017 to 2021 ATH, 2x seems reasonable in 2025 however ~$138K. (1) www.lookintobitcoin.com (2) capriole.com
COINBASE:BTCUSDShort
by dragononcrypto
HASH RIBBONS - Bullish Indicator 📈🐂Understanding the HASH RIBBONS Signal: The HASH RIBBONS signal is based on the interplay of two essential moving averages: the 30-day Simple Moving Average (SMA) and the 60-day SMA. When these moving averages cross in an upward direction, it generates a bullish HASH RIBBONS signal. The Strength of HASH RIBBONS Signal on Weekly Time Frame: The HASH RIBBONS signal's significance amplifies when observed on the weekly time frame. Here's why it's considered a potent bullish indicator: Confirmation of Bullish Momentum: A bullish HASH RIBBONS signal on the weekly chart confirms the presence of strong bullish momentum. This suggests that the cryptocurrency's price may experience a sustained upward trend. Long-Term Perspective: The weekly time frame provides a broader view of market trends, filtering out short-term noise. A bullish signal here reflects a potential shift in long-term sentiment, which can be a precursor to a substantial price rise. Market Sentiment Reversal: A HASH RIBBONS crossover indicates a possible reversal in market sentiment. This shift can attract more buyers, resulting in increased demand and upward price movement. Conservative Traders' Choice: Many conservative traders rely on signals from longer time frames like the weekly chart to validate their trading decisions. A strong HASH RIBBONS signal can provide the necessary confirmation for these traders. Potential Entry Point: A bullish HASH RIBBONS signal on the weekly chart often serves as a compelling entry point for traders seeking to ride a prolonged bullish trend. Conclusion: The HASH RIBBONS signal on the weekly time frame holds immense potential as a bullish indicator. Its confirmation of bullish momentum, long-term perspective, and ability to signal market sentiment reversals make it a formidable tool for traders and investors alike. However, like all indicators, it's essential to combine the HASH RIBBONS signal with other forms of analysis and maintain proper risk management practices. As you navigate the dynamic cryptocurrency market, keep in mind that signals provide guidance, but market conditions can change rapidly. Staying informed, adapting your strategies, and using reliable indicators like the HASH RIBBONS on the weekly time frame can empower you to make more informed and confident trading decisions. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko
Bitcoin BUYThis may be the shortest but one of the more exciting ideas I've posted. Bitcoin since making its higher high at 31818 has shown signs of bullish strength on the daily and smaller time frames. And although we have seen some bullish price action, the follow thru has been at a minimum until possibly now. The higher time frames, that being the 3 day and the weekly, are showing that we have just entered an extremely profitable time period for the bitcoin miners. According to the hash ribbons, we have a buy signal and these are signals that do not flash often. The last one that appeared on the higher time frames occurred in January, 8 months ago. It is at that time when this entire rally up to 31818 began. Keep an eye on the close today as it will close both the 3 day and the weekly. If the supply wall I have illustrated can be broken, we have a lot of strong bullish confluence to take a trade off of going to the last part of Q3.
BITSTAMP:BTCUSDLong
by TradeVibez
Ethereum ETH 2022 bullmarket prediction Essentially, I just assumed the days of bull and bear rally between each halving will be the same. Counting from halving, 546 days of bull rally. That Nov 8, 21, I personally think its alittle short as bitcoin increase in days of bull rally after each halving. And we are extremely bullish this year. I personally think we will top out at Janunary like the last bull market, and maybe a month after btc like the last bull market. On this weekly chart, rsi bounced off 50.00 just like the previous bullmarket before the last fomo after Q2. So we could see something similar. we did get a buy signal, as it seems like after each buy signal we never seen the price again
BITSTAMP:ETHUSD
by bryanchen777
Bitcoin is Fueling up for a Huge UptrendBItcoin has been trapped in a symmetrical triangle for 2.5 years which has a 60% chance of an upside breakout and a 40% chance of breakdown. While consolidating near the top (red circle), inclining towards a breakup has a higher chance. A Symmetrical triangle mostly makes a breakout close to 70% of the overall wedge while it is close to 66-68% showing more consolidation for a few weeks maybe or a final shakeout towards 7000$ region. 200 Weekly moving average the red dotted line in the upper half always managed to save bitcoin and the (blue arrows) in the upper half shows you the history. The below half of the illustration shows you the indicator that has been the most prominent and efficient in claiming bottoms and a new cycle.
BITFINEX:BTCUSDLong
by husnainashraf